iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Short Interest Update

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 9,768 shares, a decline of 43.3% from the May 31st total of 17,229 shares. Based on an average trading volume of 55,615 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Up 0.2%

Shares of IGBH stock traded up $0.04 on Wednesday, reaching $24.62. The company had a trading volume of 70,432 shares, compared to its average volume of 79,260. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a one year low of $23.75 and a one year high of $25.05. The business’s 50-day moving average is $24.60 and its 200 day moving average is $24.52.

Hedge Funds Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

An institutional investor recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. Goodman Advisory Group LLC raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 223.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,645 shares of the company’s stock after buying an additional 5,970 shares during the period. Goodman Advisory Group LLC owned 0.16% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $213,000 at the end of the most recent quarter.

About iShares Interest Rate Hedged Long-Term Corporate Bond ETF

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.